Is Colliers International Group Inc. (TSE:CIGI) Trading At A 37% Discount?
Oct 29
Canadian (TSX) Real Estate Services Industry Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies6
- 7D0.2%
- 3M-7.4%
- 1Y1.7%
- YTD2.2%
In the last week, Real Estate Services has been flat. Furthermore, the industry has been flat for the past year as well. As for the next few years, earnings are expected to grow by 38% per annum.
Industry Valuation and Performance
Has the Canadian Real Estate Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 31 Oct 2023 | CA$17.1b | CA$13.2b | CA$203.7m | 167.2x | 84.1x | 1.3x |
| Thu, 28 Sep 2023 | CA$18.0b | CA$12.7b | CA$201.4m | 169x | 89.2x | 1.4x |
| Sat, 26 Aug 2023 | CA$19.2b | CA$12.8b | CA$202.6m | 178.6x | 95x | 1.5x |
| Mon, 24 Jul 2023 | CA$19.3b | CA$12.8b | CA$204.5m | 85.1x | 94.4x | 1.5x |
| Wed, 21 Jun 2023 | CA$17.2b | CA$12.9b | CA$204.6m | 71.7x | 84.2x | 1.3x |
| Fri, 19 May 2023 | CA$17.4b | CA$13.1b | CA$208.0m | 73.1x | 83.5x | 1.3x |
| Sun, 16 Apr 2023 | CA$18.1b | CA$12.8b | CA$203.9m | 53.3x | 88.8x | 1.4x |
| Tue, 14 Mar 2023 | CA$18.3b | CA$13.0b | CA$219.1m | 49.6x | 83.4x | 1.4x |
| Thu, 09 Feb 2023 | CA$18.6b | CA$12.9b | CA$259.0m | 61.2x | 71.6x | 1.4x |
| Sat, 07 Jan 2023 | CA$16.7b | CA$12.8b | CA$259.0m | 55x | 64.3x | 1.3x |
| Mon, 05 Dec 2022 | CA$16.7b | CA$12.8b | CA$259.4m | 56x | 64.6x | 1.3x |
| Wed, 02 Nov 2022 | CA$16.1b | CA$12.8b | CA$297.0m | 48.6x | 54.3x | 1.3x |
| Fri, 30 Sep 2022 | CA$15.6b | CA$12.7b | CA$313.7m | 41.6x | 49.9x | 1.2x |
| Sun, 28 Aug 2022 | CA$17.9b | CA$12.1b | CA$299.8m | 45.3x | 59.6x | 1.5x |
| Tue, 26 Jul 2022 | CA$17.6b | CA$11.5b | -CA$316,678,395.00 | 31.4x | -55.5x | 1.5x |
| Thu, 23 Jun 2022 | CA$15.6b | CA$11.6b | -CA$319,056,871.00 | 29.4x | -49x | 1.3x |
| Sat, 21 May 2022 | CA$16.2b | CA$11.5b | -CA$316,331,768.00 | 30.2x | -51.3x | 1.4x |
| Mon, 18 Apr 2022 | CA$18.0b | CA$10.8b | -CA$242,785,816.00 | 28.5x | -74x | 1.7x |
| Wed, 16 Mar 2022 | CA$17.8b | CA$10.9b | -CA$246,367,690.00 | 28.3x | -72.3x | 1.6x |
| Fri, 11 Feb 2022 | CA$21.3b | CA$10.1b | -CA$268,934,560.00 | 34.9x | -79x | 2.1x |
| Sun, 09 Jan 2022 | CA$22.4b | CA$10.1b | -CA$263,658,250.00 | 38.2x | -85x | 2.2x |
| Tue, 07 Dec 2021 | CA$23.2b | CA$10.2b | -CA$266,700,191.00 | 41.1x | -87.1x | 2.3x |
| Thu, 04 Nov 2021 | CA$22.8b | CA$9.9b | -CA$247,334,968.00 | 43.4x | -92.3x | 2.3x |
| Sat, 02 Oct 2021 | CA$21.6b | CA$9.5b | -CA$265,958,842.00 | 44.7x | -81.3x | 2.3x |
| Mon, 30 Aug 2021 | CA$22.5b | CA$9.3b | -CA$258,663,562.41 | 47.2x | -87.1x | 2.4x |
| Tue, 06 Jul 2021 | CA$20.2b | CA$9.3b | -CA$258,663,562.41 | 49.4x | -78.2x | 2.2x |
| Fri, 09 Apr 2021 | CA$17.6b | CA$8.6b | CA$280.7m | 62.6x | 62.6x | 2x |
| Thu, 31 Dec 2020 | CA$16.3b | CA$8.4b | CA$273.2m | 68.3x | 59.6x | 1.9x |
Price to Earnings Ratio
59.6x
Current Industry PE
- Investors are optimistic on the Canadian Real Estate Services industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 84.1x which is higher than its 3-year average PE of 18.0x.
- The 3-year average PS ratio of 1.7x is higher than the industry's current PS ratio of 1.3x.
Past Earnings Growth
- The earnings for companies in the Real Estate Services industry have declined 9.4% per year over the last three years.
- Meanwhile revenues for these companies have grown 15% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Comparison
How does Canadian Real Estate Services compare with similar industries?
| CA Market | -1.70% | |
| Real Estate | -1.97% | |
| Real Estate | 0.018% | |
| Real Estate Services | 0.23% | |
| Real Estate Development | 0.21% | |
| Real Estate Operating Companies | -0.33% | |
| Diversified Real Estate | -1.93% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| CIGI Colliers International Group | CA$124.03 | 3.3% +CA$188.9m | -3.0% | PE562.7x | |
| FSV FirstService | CA$196.21 | 1.9% +CA$163.8m | 15.2% | PE47.9x | |
| ISV Information Services | CA$21.28 | 6.4% +CA$22.7m | -9.0% | PE14.1x |